Live
- Cyclone Fengal: MK Stalin announces relief package for victims
- Swathi Garudasu Redefines Data Architecture
- South Korea: 38 Vietnamese tourists go missing in Jeju
- Border-Gavaskar Trophy: Washington Sundar Likely to Play in 2nd Pink-Ball Test at Adelaide
- ‘Grand event’: 40,000 people expected to attend MahaYuti’s swearing-in function
- DMHO Dr. S.K. Siddappa Calls for Increased Palliative Care Admissions and Improved Patient Services
- Sandhya Ganipineni: Mastering SAP and Creating a Niche in Innovation and Leadership
- Flash Mob in Central London Dances to Allu Arjun’s Pushpa 2 Hits, Creating Viral Video
- Empowering Abilities: Gadwal Celebrates International Day of Persons with Disabilities
- Cyclone Fengal: A Case Study in Unpredictable Cyclones and Forecasting Challenges
OYO's net loss widens to Rs 2,385 crore
Hospitality firm Oyo Hotels and Homes net loss widened to Rs 2,384.69 crore for the fiscal year ended March 31, 2019, as per a valuation report filed by the company with Registrar of Companies.
New Delhi: Hospitality firm Oyo Hotels and Homes net loss widened to Rs 2,384.69 crore for the fiscal year ended March 31, 2019, as per a valuation report filed by the company with Registrar of Companies.
The company had posted the net loss of Rs 360.43 crore for the preceding fiscal, the report said. Revenue from operations of the company rose to Rs 6,456.90 crore for the fiscal 2018-19, as against Rs 1,413.02 crore in the previous fiscal, it added.
The financial results are unaudited and have been prepared by the company's valuers and not by its auditors, the company said.
The numbers referred are not yet audited financials. These are based on a valuation report prepared by Oyo's valuers and not auditors that includes certain provisional financials for FY 19, an Oyo spokesperson said in a statement.
It may be pointed out that the valuation parameters such as share prices are based on fair market value and are not reflective of the share premium price, it added.
